We got asked where is all of this inventory coming from? There’s been a slight uptick this spring and it is leaving people wondering WHY now? What is the driving factor for people leaving. behind sub 4% interest rates? Well here is what we are seeing:
Rise of Spring Inventory:
Owners passing away and trust sales are contributing to a fresh wave of listings.
Investors are leveraging 1031 exchanges to optimize their portfolios, adding to available properties.
Divorces are prompting asset liquidation, amplifying inventory.
Landlords, facing challenges, are exiting the rental market, creating more options.
Relocation, upgrades, and downsizing continue despite high prices.
Farewell to Sub-4% Interest Rates:
Sellers are capitalizing on the current seller's market before interest rates rise.
Some are strategically maximizing returns on investments amidst changing economic conditions.
Others are selling due to personal or circumstantial reasons, finding the favorable market an additional incentive.
In conclusion, these trends highlight the dynamic nature of today's real estate market, where sellers adapt to seize opportunities amidst shifting economic tides.
If you have questions about making a strategic real estate move in this market, please let us know we love to brainstorm with you.